Senior Equity Derivatives Trader

Simon Harris

Event-Driven

<ul>
<li>We analyse the upcoming Banking names that are reporting, to screen for trade opportunites in the derivatives market</li>
<li>We use a mixture of short term expiries to extracr the expected moves for each stock on earnings</li>
<li>We identify potential trades based on the expected moves and stock view</li>
</ul>


We analyse the upcoming Banking names that are reporting, to screen for trade opportunites in the derivatives market
We use a mixture of short term expiries to extracr the expected moves for each stock on earnings
We identify potential trades based on the expected moves and stock view


EQD | C,JPM,MS,WFC,BAC,GS: What Does the Options Market Expect for Earnings?

Selected Quarterly & Annual Newsletters from Funds, Fund Newsletters

Fund Newsletters

Selected Quarterly & Annual Newsletters from Funds

Thematic (Sector/Industry)

<ul><li>We may have different expectations concerning inflation, interest rates, or economic growth, but, at the end of the day, what we buy will determine the portfolio’s return (and its risk).</li><li>Most of our work is devoted to seeking out individual investment opportunities and analyzing them rather than to macroeconomic forecasting.</li><li>As we expected, the need for capital investment over the long term has been, and will likely remain, higher than we anticipated.</li></ul>

We may have different expectations concerning inflation, interest rates, or economic growth, but, at the end of the day, what we buy will determine the portfolio’s return (and its risk).Most of our work is devoted to seeking out individual investment opportunities and analyzing them rather than to macroeconomic forecasting.As we expected, the need for capital investment over the long term has been, and will likely remain, higher than we anticipated.

Vltava Fund Q3 2022 Letter To Shareholders

Research Firm with a Qualitative Overlay, Pearl Gray Equity and Research

Pearl Gray Equity and Research

Research Firm with a Qualitative Overlay

Quantitative fund & research firm with a qualitative overlay. 

Our coverage: General U.S. with a skew towards the primary sector. 

Methods: Smart Beta/Factor Pricing, Neural Networks, Street Gossip, and Common Sense.

Equity Bottom-Up

<ul><li>Citi's Basel III framework is safe as houses, we urge investors to remain coy as systemic risk remains high due to volatile economic and geopolitical features.</li><li>The firm's operating cash flow is robust and covers an attractive 4.03% dividend yield soundly, we urged investors to stay coy.</li></ul>

Citi's Basel III framework is safe as houses, we urge investors to remain coy as systemic risk remains high due to volatile economic and geopolitical features.The firm's operating cash flow is robust and covers an attractive 4.03% dividend yield soundly, we urged investors to stay coy.

Financials & FinTech research, Galliano’s Financials Research

Victor Galliano

Financials & FinTech research

Financials & FinTech, EM & Developed Markets

Galliano’s Financials Research

Galliano's Financials Research provides fundamental research in Emerging Markets financials, including FinTech, as well as financials in select Developed Markets.

The investment style applied is generally value oriented, although Growth At Reasonable Price (GARP) strategies can also be used where appropriate. 

Our investment research approach aim is often contrarian, looking to capitalise on overly sceptical or optimistic consensus views. In terms of valuation techniques, the focus is on PBV ratio to ROE, PE multiples and dividend yield, as well as the application of PEG ratios and, where appropriate, Sum of the Parts (SOTP) valuations.

Grupo Financiero Banorte SAB d / Event-Driven

<ul>
<li>Citibanamex legacy operations represent a series of challenges for the acquirer, which include its high cost base, bloated branch network and higher credit risk exposure to consumers and SMEs</li>
<li>The opportunity for an acquirer is access to a rich and stable deposit base with a relatively low loan-to-deposit ratio and Banamex’s fee generating AFORE pension administrator</li>
<li>Banamex is attracting much interest, which puts pressure on bidders to pay up, especially Banorte; we revisit our potential capital absorption calculations, but still see risk to Banorte’s dividend prospects</li>
</ul>


Citibanamex legacy operations represent a series of challenges for the acquirer, which include its high cost base, bloated branch network and higher credit risk exposure to consumers and SMEs
The opportunity for an acquirer is access to a rich and stable deposit base with a relatively low loan-to-deposit ratio and Banamex’s fee generating AFORE pension administrator
Banamex is attracting much interest, which puts pressure on bidders to pay up, especially Banorte; we revisit our potential capital absorption calculations, but still see risk to Banorte’s dividend prospects


CitiBanamex Legacy Operations – Revisiting Banorte’s Potential M&A Challenge and Opportunity

Equity Analyst, LightStream Research

Shifara Samsudeen, ACMA, CGMA

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Private Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/ayasdi-inc" target="_blank" data-smartkarma-citation="entities:35954:1" rel="noopener">Ayasdi (0343503Z US)</a> is somewhat unique in it using a mathematical framework – topology, to analyse data sets and detect financial crime and fraud.</li>
<li>The company follows a quote-pricing model, but pricing is generally considered less expensive than the industry average.  </li>
<li>The growth of financial crime and the bioinformatics industry alongside improved recognition for the company can be expected to drive future revenues.</li>
</ul>



Ayasdi (0343503Z US) is somewhat unique in it using a mathematical framework – topology, to analyse data sets and detect financial crime and fraud.
The company follows a quote-pricing model, but pricing is generally considered less expensive than the industry average.  
The growth of financial crime and the bioinformatics industry alongside improved recognition for the company can be expected to drive future revenues.


AyasdiAI: Exposing Financial Crime Using Topology

United States

Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers. The Company services include investment banking, retail brokerage, corporate banking, and cash management products and services. Citigroup serves customers globally.

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Citigroup Inc (C US)

EQD | C,JPM,MS,WFC,BAC,GS: What Does the Options Market Expect for Earnings?

We look to the options market to extract expected earnings moves for the big US Investment Banks, and use this information to suggest some...

Simon Harris

Vltava Fund Q3 2022 Letter To Shareholders

We may have different expectations concerning inflation, interest rates, or economic growth, but, at the end of the day, what we buy will...

Fund Newsletters

Citigroup: Cautious Buy Rating Assigned

Citi's Basel III framework is safe as houses, we urge investors to remain coy as systemic risk remains high due to volatile economic and...

Pearl Gray Equity and Research

CitiBanamex Legacy Operations – Revisiting Banorte’s Potential M&A Challenge and Opportunity

Banorte to buy Banamex? We think it likely, and that competition is pushing up the price for a bank in need of opex cuts and better credit quality;...

Victor Galliano

AyasdiAI: Exposing Financial Crime Using Topology

Ayasdi is unique where it uses a mathematical framework – topology, to analyse data sets and detect financial crime and fraud. Most products are...

Shifara Samsudeen, ACMA, CGMA

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52-week Range

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